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State Guide48th StateEst. 1912
Arizona State Flag

Arizona AZ

"The Grand Canyon State"

From the towering red rocks of Sedona to the vast chasm of the Grand Canyon, Arizona is a land of dramatic beauty and striking contrasts. A booming Sun Belt state with a rich Indigenous heritage, booming tech economy, and some of the most iconic landscapes in America.

Arizona state finances at a glance

State Debt - FY2024

$6.9 billion

Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.

Tax Revenue - FY2024

$25.1 billion

Total Arizona state tax collections in fiscal 2024, led by the general sales (transaction privilege) tax ($13B) and the individual income tax ($4.8B).

Borrowing

Arizona's constitution limits general state debt to $350,000, so the state borrows almost entirely through lease-purchase deals, certificates of participation, and revenue bonds issued by state agencies. These are sold to investors in the tax-exempt municipal market and repaid from future appropriations or dedicated revenues. The state reported about $292 million in interest on its debt in fiscal 2024.

Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

48th
State admitted to the Union
114K
Square miles
7.62M
Population
Grand Canyon
Natural Wonder

About Arizona

The origin of the name Arizona is debated, but the most widely accepted explanation is that it derives from the O'odham word "ali sonak," meaning "small spring" or "place of the small spring," referring to a silver-mining area near present-day Nogales. Spanish missionaries and settlers in the 1700s recorded the name as "Arizonac" or "Arizona" for a specific location, and it eventually spread to refer to the broader region. When the United States acquired the territory after the Mexican-American War in 1848, the name Arizona was applied to the southwestern portion of the New Mexico Territory before the Arizona Territory was created in 1863.

Arizona is a land of extremes and breathtaking beauty. Famous worldwide for the Grand Canyon, it also contains vast deserts, pine forests, snow-capped mountains, and vibrant cities.

Once a mining and agricultural territory, Arizona has transformed into a major Sun Belt economic powerhouse with strengths in technology, aerospace, tourism, and healthcare. Its population has boomed in recent decades, drawn by warm weather, job opportunities, and lifestyle.

The state is also home to 22 federally recognized tribes and a deep Indigenous heritage that stretches back thousands of years.

Sunrise lighting up the layered rock formations of the Grand Canyon's South Rim, Arizona

Geography, Three Main Regions

Arizona's diverse landscapes range from scorching deserts to cool mountain forests.

Open-pit copper mine in Morenci, Arizona, showing terraced mining operations and heavy machinery working the site

Economy

Arizona has a diverse modern economy anchored by high-tech manufacturing, tourism, and services.

Giant saguaro cactus silhouetted against a blazing desert sunset near Tucson, Arizona